This announcement is dated 11 August 2026.

Reference is made to the Company's first announcement dated 14 July 2025 in relation to the Proposals ("First Announcement") and announcement dated 13 February 2026 wherein Bursa Securities had vide its letter dated 12 February 2026 approved the Proposed Private Placement and Proposed Bonus Issue of Warrants ("Approvals"). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the First Announcement.

For information, as set out in the First Announcement, the Proposed Diversification, Proposed Subscription, Proposed Acquisition and Proposed Private Placement are inter-conditional. The Proposed Bonus Issue of Warrants is not conditional upon other components of the Proposals.

On behalf of the Board, Malacca Securities wishes to announce that the Approvals for the Proposed Private Placement and Proposed Bonus Issue of Warrants have lapsed and the Board has decided not to proceed with the implementation of the Proposed Diversification, Proposed Subscription, and Proposed Acquisition in view of the inter-conditionality.

In connection thereto, Gammatech and H&A had on 11 August 2026 mutually terminated the SPA in relation to the Proposed Acquisition.